BGM

06/02/2026

Not all intangible assets are created equal in the eyes of the IRS. Learn the federal income tax treatment for capital vs. noncapital self-created intangibles — and why the distinction matters to small business owners.

Learn how the IRS taxes self-created intangible assets, including patents, copyrights, goodwill, and customer lists, and why some qualify for capital gains treatment while others generate ordinary income.

06/01/2026

Cannabis operators may be seeing new payroll warnings tied to Treasury Tipped Occupation Codes (TTOC) and the federal “no tax on tips” rules. Read our latest blog to learn what cannabis businesses need to know about tip reporting, TTOC coding, and payroll compliance:
https://bgm360.com/news-insights/cannabis-operators-and-the-new-ttoc-payroll-warnings/

Learn how the new TTOC payroll warnings affect cannabis dispensaries, including budtender tips, W-2 reporting, TTOC code 000, and federal tip deduction rules.

05/28/2026

It can be tough for startups and other small businesses to borrow money at favorable terms. The Small Business Administration can help. Learn about its loan programs and how to apply.

Explore SBA loans for small businesses, including flexible requirements, lower costs and funding options to support growth and expansion.

05/28/2026

Listen to the replay of our recent webinar, Cannabis Rescheduling and DEA Registration. Presenters Calvin Shannon, Principal at BGM, and Hannah King, Esq., Partner at Dentons, discussed the latest industry developments surrounding federal cannabis rescheduling and what it could mean for medical and adult-use operators.

Watch the replay to gain practical guidance on navigating cannabis rescheduling, DEA registration, compliance planning, and the potential regulatory changes shaping the future of the cannabis industry.

https://bgm360.com/news-insights/rescheduling-and-dea-registration-q-a/

05/27/2026

Tax scams continue to evolve. Here are some common ones to watch for and how to avoid becoming a victim.

Learn how to spot IRS impersonation scams, fake tax notices and other tax fraud schemes to protect your personal and financial information.

05/27/2026

Small business owners: If you think your income is too high for you to qualify to make Roth IRA contributions, think again. Many self-employed individuals are eligible for contributions without realizing it.

Self-employed? Learn how a Roth IRA can provide tax-free retirement income and valuable long-term tax benefits.

05/26/2026

Minnesota’s PTE tax election has been renewed for 2026 and 2027, preserving an important SALT cap planning opportunity for many pass-through business owners.

Here’s what businesses should know about the extension and 2026 estimated payment relief:
https://bgm360.com/news-insights/minnesota-renews-pass-through-entity-tax-election/

Minnesota PTE Tax Election Renewed for 2026–2027: What Pass-Through Business Owners Need to Know About SALT Tax Planning and Estimated Payment Relief.

05/26/2026

Join us in welcoming Keith Ward-Taylor to BGM as an Outsourced Bookkeeper!

Keith earned a science degree before returning to school to pursue an Accounting Specialist degree. He is particularly interested in credit systems, financial strategy, and business consulting, and is excited to continue building his career in accounting.

Outside of his accounting background, Keith has worked independently as a dance videography contractor for the past four years, traveling nationwide to capture performances and events. In his free time, he enjoys photography, videography, fitness, and spending time with his dogs, Picasso and Gizmo.

We’re excited to have Keith on the BGM team!

05/26/2026

Federal cannabis rescheduling could significantly impact how cannabis businesses approach taxation, licensing, and compliance in the future.

In tomorrow's webinar, Calvin Shannon, Principal at BGM, and Hannah King, Partner at Dentons, will discuss cannabis rescheduling, DEA registration requirements, 280E tax implications, and key compliance considerations for medical and adult-use operators.

Register to gain practical insights on navigating the evolving federal regulatory framework impacting the cannabis industry.

https://bgm360.com/news-insights/rescheduling-and-dea-registration-q-a/

05/24/2026

BGM is grateful for the strength, service, and sacrifice of our military. We remember and honor the brave individuals who served, and continue to serve, with courage to protect our freedom.

In observance of Memorial Day, BGM offices will be closed on Monday, May 25. We will resume normal business hours on Tuesday, May 26.